closed-end investment company
[ klohzd-end in-vest-muhnt kuhm-puh-nee ]
/ ˈkloʊzd ɛnd ɪnˈvɛst mənt ˌkʌm pə ni /
an investment company that issues its shares in large blocks at infrequent intervals and is not obligated to redeem or repurchase them.
BECOME A PRO CHEF WITH THIS EXQUISITE CUISINE QUIZ!
Even if you can't be a professional chef, you can at least talk like one with this vocabulary quiz.
Question 1 of 9
You may have read the word "simmer" in a recipe or two, but what does it really mean?
Compare open-end investment company.
Words nearby closed-end investment company
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020